Blue Delta Capital Partners is pleased to announce the highly successful exit of their investment in Sonatype, as a result of the closing of Vista Equity Partners’ majority investment in the company late last week. While the details of the financing have not been publicly disclosed, the transaction provided Blue Delta and its partners at CNF Investments with a multiple of capital return that was well into the double digits.
“It was a privilege and a pleasure to be part of the Sonatype team,” said Mark Frantz, Blue Delta’s co-founder. “Wayne Jackson is one of the best CEOs in the software sector, he builds incredible management teams and employee talent and we have no doubt that his new partnership with Vista will take the Company to even greater heights.”
Blue Delta partner Kevin Robbins added, “Sonatype has had a huge impact not only in their software supply chain marketplace, but they have also had great growth here in the Mid-Atlantic region and the Federal market that we focus on. We wish Wayne and team all the best on the next stage in the Company’s evolution.”
Wayne Jackson and Mark Frantz had worked together before on building Sourcefire and Blue Delta became a shareholder in Sonatype years ago when Wayne took over as CEO. Blue Delta has seen Wayne build an international customer base, assemble a world class team (including CFO Dave Miller and CMO Matt Howard) and deliver exceptional product offerings to the market.
About Sontaype
Sonatype is the leader in software supply chain automation technology with more than 300 employees, over 1,000 enterprise customers, and is trusted by over 10 million software developers. Sonatype’s Nexus platform enables DevOps teams and developers to automatically integrate security at every stage of the modern development pipeline by combining in-depth component intelligence with real-time remediation guidance.
About Blue Delta Capital Partners
Blue Delta was formed in late 2009 to fill a void in the Government Services marketplace, by providing equity capital to entrepreneurs who wanted to grow their businesses, but without selling control of their companies or taking on too much debt. We make equity investments in return for non-control ownership positions and, given our decades of experience as venture capitalists and successful CEOs, we can be value-added partners in the businesses that we back.www.bluedeltacapitalpartners.com
